EP7 // Walter Peters (Forex): The Inspiring Story Of How He Quit His Dream Job to Trade Naked For a Living

In the last episode of The Trading Lifestyle Podcast, I interviewed Colin Jessup and he told us exactly how he went from working in a warehouse, to trading for a living. He attributed a large part of his success in trading to Walter Peters Forex Jake Personal Trading Program, so I was excited when Walter agreed to sit down and chat with me about his own personal journey to trading for a living.

In fact, it was actually Walter who recommended that I interview Colin, so I was also glad that I got the opportunity to thank Walter personally.

As I turned on my computer to do the interview, I didn't really know what to expect. I knew a little bit about Walter's background from his blog and a few things that Colin mentioned, but not much else. He turned out to be a very down-to-earth guy with an incredible story of perseverance.

This interview will be especially useful if you are feeling stuck in your trading and want some ideas on how to get through it. He is also very much a person who trades for lifestyle and gets a great deal of satisfaction from helping people become successful in Forex trading.

Just like everyone else I have interviewed, he is very passionate about trading and because he also has a PhD in Psychology, it was interesting to get his opinion on the psychological profile that traders need to have to be successful. In particular, we talked about why the Fight or Flight Response principle does not usually apply to trading and which trading systems people tend to stick with.

Let me know what you think about this interview in the comments below and if you have any questions for Walter, you can post them here or head on over to his website, a link is listed after the video.

In This Episode with Walter Peters Forex Trader

What a delayed flight and the International Traders Conference in Barcelona have to do with Walter and I meeting.

Find out how long it took Walter to learn to trade for a living.

The one thing that kept him going when his trading was not going well.

Why a lot of his friends are 70 year old Aussie surfers.

What Walter believes is THE most important factor in successful trading.

Disclosure: Some of the links above are affiliate links in which I get a commission if you purchase through those links. It doesn’t cost you anything extra and part of my commission goes to support my charity partner.

About Hugh Kimura

Hi, my mission with Trading Heroes is to share the tools, strategies and mindset upgrades that can help you create more freedom in your life through trading, so you can go out and cross off at least 80% of your bucket list items before you die. Download this PDF to get started:

thanks mate. I just want to say that I love the interviews. I never thought of writing this, but you are doing a great job. I like your “very cool”. I have been saying that a lot nowadays. lol
Keep up the good word and God Bless.

Thank you for the great interview. My goal is the same as yours and it’s a long hard road when just starting out. Many times I have wanted to quit but burning desire keeps me going & I appreciate the inspiration your interviews give me.

You’re a good guy. You need to stop interviewing these fake traders. Double the account for a month? You have no idea what this looks like or how you yourself look like to pro traders when you publish these people.

Thanks, but I’m not sure how you came to that conclusion. Walter trades for a living, which makes him a pro trader. Just because you don’t work for a Wall Street bank, doesn’t mean that you cannot be an independent, full-time trader. That is exactly the point that I am trying to make with these interviews.

He never says that you will double your account in a month. Again, you misunderstood something. He said that he feels that you should double (or triple) your practice account in backtesting and demo trading with a specific, rule-based strategy before ever thinking about risking real money.

Backtesting can be done fairly quickly, sometimes within a few days. This is because you are “fast-forwarding” the charts. However, you are testing trading results over a period of many years, in real trading time.

Thanks Keith! Sorry if it was hard to read. I tested the zoom function you mentioned with Firefox and it works. The text size is controlled by the browser you are using, not my website, so you might have to restart the browser if it is not working. I’m working on the next version of the website and the text will be bigger and easier to read. 🙂

Hi, my name is Hugh Kimura and my mission with Trading Heroes is to share the tools, strategies and mindset upgrades that can help you create more freedom in your life through trading, so you can go out and cross off at least 80% of your bucket list items before you die. Learn more…

Trading involves substantial risk and there is always the potential for loss. All content on this website is for educational purposes only and is not trading or investment advice. You should be aware of the risks associated with trading and seek advice from an independent certified financial adviser if you have any doubts. Some links on this page might be affiliate links, where we get a small commission if you purchase through the link. It doesn’t cost you anything extra and we only recommend products that we love. This site uses cookies, just like almost every other normal website on the internet.